Why AI Isn't the Answer for Quoting: The Risks of Using ChatGPT in Manufacturing, 450
Feb 10, 2025
Jason Ray, Co-founder and CEO of Paperless Parts, tackles the pressing issue of using AI in manufacturing quoting. He highlights the risks of general-purpose AI like ChatGPT, discussing data security concerns and the dangers of 'AI hallucinations' that can lead to costly errors. Instead, he advocates for domain-specific AI designed for accuracy and efficiency, emphasizing the importance of human expertise. This enlightening conversation reveals why embracing the right technology is crucial for staying competitive in the fast-paced world of manufacturing.
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Quoting Stress Is A Longstanding Problem
- Nick recalls his dad stressed over stacks of blueprints when quoting, showing quoting pain is generational.
- He says quoting remains a massive bottleneck for modern manufacturing leaders.
A Viral Example Shows What Slow Quoting Costs
- Mike describes a viral comparison showing a Chinese supplier beat a US shop on speed, lead time, and price for the same part.
- The example highlights how slow quoting and high lead times can lose business to overseas suppliers.
Centralize Estimating With Specialized Tools
- Integrate a focused estimating tool like Paperless Parts to centralize quoting and reduce manual steps.
- Use integrations (e.g., with ERPs) to move winning quotes into production seamlessly.
